Oppenheimer Asset Management Inc. bought a new position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,871 shares of the aerospace company’s stock, valued at approximately $101,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AJRD. Engineers Gate Manager LP acquired a new position in shares of Aerojet Rocketdyne during the 3rd quarter valued at about $1,863,000. Convergence Investment Partners LLC acquired a new position in shares of Aerojet Rocketdyne during the 3rd quarter valued at about $1,541,000. Invictus RG acquired a new position in shares of Aerojet Rocketdyne during the 3rd quarter valued at about $776,000. OxFORD Asset Management LLP boosted its position in shares of Aerojet Rocketdyne by 156.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 425,669 shares of the aerospace company’s stock valued at $14,903,000 after acquiring an additional 259,718 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Aerojet Rocketdyne by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,218,990 shares of the aerospace company’s stock valued at $77,687,000 after acquiring an additional 34,676 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors.

In other Aerojet Rocketdyne news, Director James H. Perry sold 25,001 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total value of $750,030.00. Following the transaction, the director now owns 166,959 shares of the company’s stock, valued at $5,008,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The disclosure for this sale can be found here. Insiders sold 88,235 shares of company stock worth $2,652,753 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at $31.61 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94. The firm has a market cap of $2,379.92, a PE ratio of 38.65, a PEG ratio of 6.86 and a beta of 1.41. Aerojet Rocketdyne Holdings, Inc. has a 1 year low of $17.69 and a 1 year high of $36.25.

Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $487.48 million. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts expect that Aerojet Rocketdyne Holdings, Inc. will post 0.84 earnings per share for the current year.

Several brokerages have recently weighed in on AJRD. BidaskClub raised shares of Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. CL King raised shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Jefferies Group cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, SunTrust Banks reissued a “buy” rating and set a $40.00 price target on shares of Aerojet Rocketdyne in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $35.33.

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Aerojet Rocketdyne Profile

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

Institutional Ownership by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

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